[1][3] CBH settled on a business model that saw it invest in new locomotives and grain wagons, with day-to-day operations contracted out.

[4][5] In December 2010, CBH awarded Watco WA Rail a ten-year contract to operate services in the south of Western Australia.

[24][25] In July 2017, Watco took over the operation of the Forrestfield to Fremantle Harbour intermodal container service from SCT Logistics with flat wagons purchased from CFCL Australia.

Eight WRA class locomotives from the National Railway Equipment Company and 128 wagons (designated DGWY) from CRRC in China were ordered.

Watco also have multiple locomotives leased to them for their Joint Venture with QUBE for their standard gauge Nickel West operations.